What types of variances are found on cost center reports

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Reference no: EM131198677

1. Explain how exception reporting would be invaluable to the manager of a credit department.

2. What types of variances are found on cost center reports? Explain what each variance is measuring and why this information is important.

3. Distinguish between a profit center and an investment center. Draw a diagram illustrating the relationship between cost, profit, and investment centers.

Reference no: EM131198677

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